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Your SMSF – Now You Really Can Have it Both Ways

Your SMSF – Now You Really Can Have it Both Ways

2 Apr 2017

Self-managed super funds (SMSFs) are increasingly popular … and for very good reasons: first, by enabling investors to become ‘engaged’ in their own wealth-creation process (instead of relying on faceless people in large funds-management enterprises); second, by opening up investment opportunities that suit an investor’s preferences for particular securities; and third, by providing personal management for desired outcomes.

There are downsides, of course: one is having to keep up with the ever-changing regulations that surround superannuation provisions (never get between a legislator and a sack full of money); another, let’s face it, is the time, effort and knowledge it takes to execute wise security selections (a task more scientific now than ever); yet another downside can be the sheer amount of time given to administering the SMSF arrangement (even technology has not been able to diminish it).

Ah, but there’s one emotive word that trumps all the less attractive notions of running one’s own super fund: and that word is control.

To control a self-managed fund can be immensely satisfying; after all it’s a good test for one’s skills at both investing and administration; and, when everything is going right, it can boost one’s self-esteem.

Yet, even control comes with a downside. When a serious investor wants (and needs) to take a decent break – a vacation, say - the motivation to retain control can conflict with the need to achieve valuable ‘down time’.

For many, this conflict chimes with the warning that ‘one can’t have one’s cake and eat it’.

Now, however, there is a reliable, dependable and proven solution. It is to delegate the running of your SMSF to a Palmer discretionary account; it is easy to do and it ensures you retain full control of your fund.

Here’s how it works: Palmer’s assigns you your own Senior Client Advisor (the firm’s advisors are salaried and do not receive commissions). You discuss your objectives, your risk profile, your personal preferences, and your investment ‘style’. All these and more are noted. Shortly after, a recommendation of securities within a portfolio tailored to your definitions is produced for you to approve. Upon approval, you grant discretion to Palmer’s to act on your behalf within the limits of what has been agreed. You may also give Palmer’s the responsibility to administer your portfolio.

What’s the result? Your portfolio is held in your super fund’s name and is managed for you as determined with your Senior Client Advisor. Your portfolio is administered for you and available to view online 24/7. You can chat to your advisor whenever you wish.

Above all, wherever you are in the world, whatever time it is anywhere in the world, you retain full control of your investments … always. Call for an obligation-free chat – and learn how, wherever you are, you can have your cake and eat it.

Simply phone (NSW) 02 9233 2433 – (VIC) 03 9601 6800 – or email jps@jpalmer.com.au

Palmer’s will provide you with both the confidence and clarity on how to get away and stop worrying. With a no-obligation chat, you have nothing to lose.

 

Disclaimer & General Advice Warning

This publication has been prepared by Joseph Palmer & Sons (ABN 29 548 490 818) an Australian Financial Services Licensee (AFSL 247067). Whilst the information contained in this publication has been prepared with all reasonable care from sources, which Joseph Palmer & Sons believes are reliable, no responsibility or liability is accepted by Joseph Palmer & Sons for any errors or omissions or misstatements however caused. Any opinions, forecasts or recommendations reflects the judgment and assumptions of Joseph Palmer & Sons as at the date of publication and may change without notice. Joseph Palmer & Sons, their officers, agents and employees exclude all liability whatsoever, in negligence or otherwise, for any loss or damage relating to this document to the full extent permitted by law. This publication is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any securities recommendation contained in this publication is unsolicited general information only. Joseph Palmer & Sons are not aware that any recipient intends to rely on this publication and are not aware of the manner in which a recipient intends to use it. In preparing our information, it is not possible to take into consideration the investment objectives, financial situation or particular needs of any individual recipient. Investors must obtain individual financial advice from their investment advisor to determine whether recommendations contained in this publication are appropriate to their personal investment objectives, financial situation or particular needs before acting on any such recommendations.

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